Arborbridge wrote:moorfield wrote:moorfield wrote:Snap, I have bought some AV. today too.
... and updating my records just now I see I first bought AV. exactly ten years ago in January 2010 at 409p collecting a dividend of 24.5p that year, and subsequently sold in May 2011 at 438p, which would have been part of first great reorganization of my portfolio following the early years of scattergun buying. I had completely forgotten I had held it previously. Price and dividend wise, little has changed.
And I notice my first purchase was in 2007 after it was featured as a HYP4 choice. The price? 768p. Still some way to go: I think the holding period for this one might need to be "eternity"
It was reckoned by some, at around that time (possibly Pyad), as a share to "bet the farm" on. My XIRR is 2.05% so I'm still waiting for it to come good.
Well, I'm comforting to see that Ian thinks it has a sustainable dividend, and I have no immediate plans to sell. It's even come on to the top up radar again.
Oh please, do your own research as they say
My first purchase was way back in February 2012, one of four initial purchases for my then brand new HYP. In March 2013 the dividend was reduced
There were those on The Motley Fool as was that told me to sell immediately.
They knew that there would be no recovery
although they never explained how
they knew, crystal ball maybe? Thankfully I followed HYP doctrine and held on so that now the holding shows an annual return of 7.65%, with a dividend increasing over the last 5 years at an annual rate of over 10%. Not the best to be sure, about average for my portfolio as a whole, but considering the cut dividend and accompanying price fall, barely a year after purchase, not bad at all. This is my third top-up since October 2019 and probably will not be my last.
Ian